Tag: South African 5500 NAR Coal

India: RB2 portside trades turn mute after Adani acquires majority stake in Gangavaram port

Apr 2, 2021

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by

Aditi Tiwari

in Non Coking

On 15 Mar’21, Adani Ports and Special Economic Zone Ltd (APSEZ) acquired 58.1% stake in Gangavaram Port Ltd previously held by DVS Raju and family, the original promoters of the port, in a deal worth over INR 3,600 crore. The deal raised APSEZ’s stake in the port to 89.6%. Market participants informed CoalMint that trading…